A loan of $300 helped a member to invest in expanding the business.

Fe's Group's story

Fe P. is from the village of San Vicente, Bajo, Oroquieta City. She is 48 years old. Fe is the group leader of a two-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Fe is married and has one adult-aged child. To make a living, she makes and sells sweets such as cookies and cakes in the local community. She has been engaged in her business for over fifteen years and earns approximately $69 a month for these activities.

In 2007, Fe joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 7,000 PHP from GDMPC.

Fe is requesting a new loan of 8,000 PHP which will be used to invest in expanding the business. This will be her 3rd loan from GDMPC. She plans to use the additional revenue generated from the business to expand her business.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolk and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Fe, Eleonida

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